I try to catch the move on this instrument. Lets see what happens.
Comments
sag.deconinck
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So I reached Tp2Short. I cashed in.
Minus a few pips I reached my goal for this week so I'm very happy.
I'm out of this instrument, all positions are closed. Now it's time for the weekend.
See you.
sag.deconinck
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This is my new situation. Lets see how low prices goes today.
sag.deconinck
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kopaszn
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Nice! I like how your technique handles "false breakouts" which doesnt happen often twice around SR areas which reduces the number of losses I think
sag.deconinck
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Thx, for 80% this technique works. The worst possible senario is that price ranges with small amplitude. Than the loss is big. That why I want to be behind the screen when I use this technique. Otherwise I take my loss.
sag.deconinck
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My long trade was a LOSS. I missed Tp1Long by a pip! Well that's trading.
So my long trade closed by SL. Then my short trade opend with the double position of my lossing trade. So at Tp1Short I was @be on this instrument. I placed SL@be. Now I let the rest of my position run.
A loss was transferd in a break even. Im very happy. Whe will see what my restposition will do.
kopaszn
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How did you find out at this time where to put the 2 pending orders? Why not put sg like .7642 and .7598?
sag.deconinck
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That's to big for my account. If i calculate it to be profiteble. R/R is no good enymore.
sag.deconinck
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I know it's not conventional to trade this way but I want to think out of the box. And not to follow the big crowd.
Minus a few pips I reached my goal for this week so I'm very happy.
I'm out of this instrument, all positions are closed. Now it's time for the weekend.
See you.